Janus Henderson Group PLC Grows Holdings in Palantir Technologies Inc. $PLTR

Janus Henderson Group PLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 795.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 3,323,141 shares of the company’s stock after purchasing an additional 2,952,079 shares during the quarter. Janus Henderson Group PLC’s holdings in Palantir Technologies were worth $480,247,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Revolve Wealth Partners LLC purchased a new position in shares of Palantir Technologies during the 4th quarter valued at about $450,000. Bison Wealth LLC lifted its holdings in shares of Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after acquiring an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC lifted its holdings in shares of Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after acquiring an additional 4,722 shares during the last quarter. Schnieders Capital Management LLC. boosted its stake in shares of Palantir Technologies by 36.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock valued at $858,000 after purchasing an additional 1,694 shares in the last quarter. Finally, Vivaldi Capital Management LP purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at $315,000. Institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In related news, insider Ryan D. Taylor sold 19,662 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $2,674,818.48. Following the completion of the transaction, the insider owned 199,759 shares in the company, valued at $27,175,214.36. This represents a 8.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Glazer sold 17,128 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $2,330,093.12. Following the completion of the sale, the insider directly owned 375,242 shares of the company’s stock, valued at $51,047,921.68. The trade was a 4.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,112,270 shares of company stock valued at $150,247,785 over the last 90 days. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Trading Down 0.4%

Shares of NASDAQ:PLTR opened at $123.00 on Thursday. The company has a market cap of $294.87 billion, a price-to-earnings ratio of 138.20, a price-to-earnings-growth ratio of 1.97 and a beta of 1.56. The company has a 50-day moving average price of $130.96 and a 200-day moving average price of $141.20. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.05. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the firm earned $0.13 earnings per share. Palantir Technologies’s quarterly revenue was up 84.7% on a year-over-year basis. As a group, research analysts forecast that Palantir Technologies Inc. will post 1.17 EPS for the current fiscal year.

Palantir Technologies News Roundup

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Palantir continues to attract bullish attention because first-quarter revenue rose 85% year over year to $1.63 billion, while management raised full-year revenue guidance to approximately $7.65 billion-$7.66 billion. Some coverage argues that accelerating U.S. commercial demand, larger artificial-intelligence contracts and government spending could support another guidance increase. Smart Money Shifts: Palantir Gains Hedge Fund Backing
• Positive Sentiment: Analyst support remains a potential catalyst: Oppenheimer reiterated an Outperform rating with a $200 price target, and Palantir has received an overall “Moderate Buy” consensus. Bullish technical commentary also points to a possible rebound if earnings trigger an upside breakout. Why Did Palantir Stock Sink?
• Neutral Sentiment: Investors are focused on the August 3 earnings release, which is expected to be a major near-term catalyst. Options markets anticipate a substantial move, reflecting uncertainty over whether Palantir can meet high growth expectations and sustain its premium valuation. Options Traders Expect a Large Swing in PLTR
• Negative Sentiment: Valuation and momentum concerns are weighing on the stock. Palantir trades at roughly 138 times earnings, remains below key moving averages, and technical indicators show weak or bearish momentum. Insider selling, options hedging and concerns about softer commercial sales are adding to investor caution. The Playbook for Palantir Ahead of Earnings
• Negative Sentiment: France’s reported move to replace Palantir with domestic provider ChapsVision in national-security and intelligence contracts raises concerns about European government growth and broader digital-sovereignty risks for U.S. technology vendors. Palantir Faces a French Exit

Analyst Ratings Changes

Several analysts have weighed in on PLTR shares. HSBC downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating and lowered their price target for the stock from $205.00 to $151.00 in a research note on Friday, May 1st. Oppenheimer reaffirmed an “outperform” rating on shares of Palantir Technologies in a research note on Monday. BNP Paribas Exane started coverage on Palantir Technologies in a report on Tuesday, June 16th. They issued an “underperform” rating on the stock. Phillip Securities boosted their target price on Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Palantir Technologies in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $189.88.

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.